UPDATE OCTOBER

Shortly after launching its new fund, Stonegate Capital is pleased to announce it has closed on the following two investments in October:

Stonegate Capital provided a $2.5MM loan for an industry leading media brand. The Borrower, owned by a private equity sponsor, was seeking a creative capital partner to assist in scaling their business. Stonegate was able to leverage the strong enterprise value in order to lend beyond the Company’s collateral.

Stonegate Capital provided a $3MM re-discount loan made to a Merchant Cash Advance company. Stonegate is backing a seasoned management team as they grow their portfolio of advances and look to continue to take advantage of the very fragmented and opportunistic MCA space.